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9818 Flynt Cir Orlando, FL 32825

3 Beds 2 Baths 1,156 sqft Built 1989

$200,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $173.01
  • 6 Days on Market
  • MLS # : O5928912
  • Updated Date : 03/12/2021 at 08:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,156 sqft
  • Baths : 2 full
Listing Agent

Watson Realty Corp

Listing Agent's Description

Estate sale. This home needs repair and is offered AS-IS, seller will make no repairs. Property will not qualify for most traditional financing options.

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MARKET HIGHLIGHTS

  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.

PRICE & RENT TRENDS

Neighborhood: Dean Acres

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Dean Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Union Park Elementary School Primary Regular 488 33 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Union Park Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 33
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$695
Property Tax -$237
Property Insurance -$105
Property Management Fees -$129
CASH FLOW
$55

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$200,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$14,190

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,220

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $974

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9953$1,0754$1,1005$1,220
$1,220
RENT COMPS ANALYSIS
  • 9818 Flynt Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.06
    •  
  • 9387 Dubois Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.82
    •  
  • 10441 Bridlewood Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,091 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,091 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.91
    •  
  • 9286 Spring Vale Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.89
    •  
  • 10132 Cypress Glen Pl Orlando, FL 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.75
    •  
PROPERTY LISTING DETAILS
Greg Rokeh
1.407.588.2630
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928912
Last Updated: 03/12/2021
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